Managing in a downturn |
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Faced with the most unprecedented economic conditions in living memory, the issue of improving the financial position of a business, whether through cash generation, debt refinancing or cost reduction, has risen to the top of the boardroom agenda.
The challenge for management teams is to ensure that a balance is struck between the immediate need to drive out cost and generate cash, with the longer term aspiration for growth.
Executives that have a strategy to manage through a downturn will be better
placed to take advantage of the opportunities available today, and will emerge
from the bad times re-energised and fit for the future.
From scenario planning, cost reduction and cash generation, through to people, risk and stakeholder management, this website
explores some practical steps businesses can take to manage in a downturn.
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